Published: 2025-05-19T00:16:54.000Z
Chart AUD/USD Update: Extending consolidation at .6400
Technical Analyst
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Little change, as prices extend consolidation around support at the .6400 congestion
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.6600 | * | congestion | S1 | 0.6400 | * | congestion | |
| R3 | 0.6550 | * | 61.8% Sep/Apr rally | S2 | 0.6355/45 | ** | 30, 24 Apr lows | |
| R2 | 0.6500/14 | ** | congestion, 7 May YTD high | S3 | 0.6300 | * | congestion | |
| R1 | 0.6550 | * | congestion | S4 | 0.6285 | * | 38.2% Apr/May rally |
Asterisk denotes strength of level
00:10 GMT - Little change, as prices extend consolidation around support at the .6400 congestion. Negative intraday and daily studies threatens deeper pullback to retest the strong support at the .6355/45 lows which is expected to underpin. Would take break here to confirm a double top at the .6500/14 highs and open up room for deeper correction to retrace the April/May rally. Meanwhile, resistance is lowered to .6550 congestion, clearance here will expose the .6500 level and .6514 current year high to retest.